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FCA set to launch live AI testing service

The FCA is seeking views from firms about how its live AI testing service can help them to deploy safe and responsible AI, which will benefit UK consumers and markets.
Posted on Tuesday Apr 29

Hurricanes and earthquakes could lead to USD300bn losses

Following the long-term annual growth trend of 5–7%, global insured natural catastrophe losses may reach USD 145 billion in 2025, mainly driven by secondary perils like severe thunderstorms, floods and wildfires. Primary perils like hurricanes and earthquakes pose biggest risks, potentially driving insured losses to USD 300 billion or more in a peak year, according to Swiss Re Institute analysis. Reinsurers pivotal for peak years and well capitalised to absorb large shocks with estimated global capital of USD 500 billion.
Posted on Tuesday Apr 29

Over one third of London market firms now actively using AI

The Lloyd’s Market Association (LMA) has hosted a seminar on the use of AI within the London specialty market. The seminar referenced results from a recent survey completed by 81 firms in the London market, including 45 Lloyd’s managing agents.
Posted on Friday Apr 25

Insurance Development Forum Publishes 2024 in Review

The Insurance Development Forum (IDF) today announces the publication of its 2024 Annual Review, which is now Available to download
Posted on Thursday Apr 24

UK general insurance industry to hit USD149 billion by 2029

The UK general insurance industry is projected to grow at a compound annual growth rate (CAGR) of 5.0% from GBP92.9 billion ($119.7 billion) in 2025 to GBP113.0 billion ($149.2 billion) in 2029, in terms of direct written premiums (DWP), according to GlobalData.
Posted on Thursday Apr 24

Rapid ageing world population will transform P&C insurance

Global dependency ratio set to rise by 2050 there will be 26 seniors for every 100 working-age people, up from 16 today. Aging population is a key trend in forecasted 4.4% CAGR for global commercial insurance lines, 3.3% for personal insurance lines. 88% of insurers recognize the importance of more tech-enabled underwriting, but only 17% say they have the right capabilities
Posted on Wednesday Apr 23

IPT windfall sets new annual high

According to the latest HMRC data, Insurance Premium Tax (IPT) receipts stood at £61 million in March 2025, bringing the full year total for the 2024/25 financial year to a record £8.88 billion, exceeding last year’s full year total of £8.15 billion by £737 million or 9%. A decade prior in the 2014/15 financial year saw annual receipts at a significantly lower £2.97 billion – marking a 200% rise to current levels. Moreover, receipts have risen by 38% since five years ago (2019/2020 financial year) from £6.42 billion – highlighting just how lucrative IPT has become for the Treasury.
Posted on Wednesday Apr 23

One in six drivers admit lying to cut their insurance bill

New research from The Green Insurer reveals that 16% of motorists admit to having stretched the truth or lying in order to reduce their car insurance premiums.
Posted on Tuesday Apr 22

Employers urged to revisit the basics of GIP services

Quantum Advisory is encouraging employers to go ‘back to basics’ with their Group Income Protection (GIP) arrangements - particularly when reviewing the additional support services often included as part of these schemes.
Posted on Thursday Apr 17

Embedded insurance a game changer for personal lines

Embedded insurance is rapidly emerging as the most promising distribution model for personal lines, outpacing traditional channels. By integrating coverage seamlessly at the point of sale, it enhances customer convenience and boosts conversion rates.
Posted on Wednesday Apr 16

Pet insurance premiums rise exceeding March 2024 levels

The latest Pet Insurance Pricing Index from pricing experts Pearson Ham Group shows a continued upward trend for Lifetime policies, the most popular type of cover among UK pet owners. Premiums rose by 0.6% in March 2025, marking a consistent month-on-month climb since November. Over the year, prices are now 1% higher than March 2024, reversing last year’s pattern of decline.
Posted on Wednesday Apr 9

Lloyds report strong performance and investor appeal

Insurance Capital Markets Research (ICMR) and the Lloyd’s Market Association (LMA) have released their 2nd annual report, the Lloyd’s 2025 Insights Report, providing a detailed analysis of Lloyd’s and syndicates’ 31/12/2024 year end results.
Posted on Tuesday Apr 8

Tariffs could have wide ranging implications for insurers

Comments following the announcement of sweeping global tariffs by President Trump earlier this week, from Elizabeth Wooliston (formerly Jenkin), Underwriting Director at the Lloyd’s Market Association:
Posted on Friday Apr 4

Insurance customers save GBP100m as instalment costs fall

Consumer Intelligence launches APR Awareness Month to highlight true cost of insurance Instalments. Cost of living pressures and rising insurance premiums mean more customers are switching to paying by instalments
Posted on Friday Apr 4

Distractions whilst driving including using mobile phones

And it’s younger drivers who are most at fault for using mobiles behind the wheel, research from The Green Insurer shows. Study looked at biggest distractions and found dazzling LED headlights are the worst
Posted on Thursday Apr 3

Cyber Risk exposure for small businesses

CyberCube has released its latest report: “H1 2025 Global Threat Briefing: Understanding Cyber Risks for Small Businesses”. The report highlights the growing cyber protection gap affecting small businesses and the critical role the (re)insurance ecosystem must play in addressing it.
Posted on Wednesday Apr 2

The Divorce Gap as women's incomes cut in half after divorce

Women’s incomes cut in half following a split – leaving them financially vulnerable (24%) and struggling to meet the cost of essentials (19%) and this can impact retirement. Women are twice as likely as men to reduce work hours post-divorce due to childcare responsibilities. Women are significantly more likely to waive rights to a partner’s pension as part of a divorce settlement (28% vs 17%), creating potential retirement risks.
Posted on Wednesday Apr 2

LMA calls for combined approach to cyber exposure management

The Lloyd’s Market Association (LMA) has today released Practical Management of Cyber Exposures and Aggregations, a best practice document on the management of cyber risks. Report highlights the need for adoption of standardised ‘primary’ cyber characteristics within syndicates
Posted on Tuesday Apr 1

EU comprehensive AI Act includes obligations for employers

A major European regulation imposing strict rules on AI activities that pose high and unacceptable risks, including those deployed in the workplace, is being implemented in phases through 2026.
Posted on Tuesday Apr 1

Car insurance premiums fall by 17 percent in last 12 months

Motorists are now on average paying £777, which is £164 less than one year ago, with easing claims inflation and frequency contributing to this trend.
Posted on Monday Mar 24

Insurance Premium Tax hits new record with 1 month to go

According to this morning’s HMRC data, Insurance Premium Tax (“IPT”) receipts stood at £1.3 billion in February 2025, bringing the 11-month total for the 2024/25 financial year to £8.8 billion. In the full 2023/24 financial year, IPT raised £8.1 billion so the tax has already registered a record annual haul with one month of receipts still to be counted.
Posted on Friday Mar 21

Landmark 2GW operational solar capacity achieved

Schroders Greencoat, the specialist renewables manager of Schroders Capital, announces the significant milestone of surpassing 2GW in operational ground mount solar capacity in the UK, equivalent to powering around 730,000 homes per annum. Whilst also contributing to the UK’s clean energy goals, this landmark achievement helps provide resilient cashflows for underlying institutional, LGPS, Defined Contribution and wealth investors.
Posted on Thursday Mar 20

European Energy Transition

New analysis by LCP Delta reveals that the ongoing buildout of grid scale renewable generation will be accompanied by a surge in household electrification across major economies in Europe. This system will see high and sustained levels of power market volatility and growing distribution network congestion, meaning that rapid growth in flexibility, through both the shifting of demand and via the deployment of grid-scale energy storage, will be critical for a successful transition.

Posted on Thursday Mar 20

Call for MGA specific regulation gains broker support

A recent survey of insurance brokers has revealed strong backing for the establishment of a dedicated regulatory framework for MGAs, with 68% agreeing that the Financial Conduct Authority (FCA) should regulate MGAs separately from insurers and brokers. Furthermore, 67% of brokers indicated they would be more inclined to work with MGAs if such a framework were introduced.
Posted on Monday Mar 17

Update on the FCAs enforcement transparency proposals

Reaction from the Association of British Insurers (ABI) to the FCA’s latest update on enforcement proposals and its joint update with the PRA on diversity and inclusion .
Posted on Thursday Mar 13